Markets

admin September 16, 2018

Wall Street’s response to Apple’s annual product release on Wednesday was, as one analyst described it, a yawn. The company unveiled a handful of new devices and modest updates, including three new versions of the iPhone X and an Apple Watch with new features. All of that was expected. There was little fanfare. Apple (AAPL) […]

admin September 16, 2018

The latest news from Sears was hardly worth the wait. Sears Holdings, which owns the Sears and Kmart brands, reported yet another huge loss in the second quarter — $508 million, about twice as much as it lost a year earlier. Overall sales plunged by more than a quarter, mostly because of store closings. Sales […]

admin September 15, 2018

Electric car company Nio’s second day on the stock market was a lot more spectacular than its first. Shares in the Shanghai-based rival to Tesla (TSLA) jumped a staggering 76% in New York on Thursday. At one point in the day, the stock was up 92%. The spectacular leap is remarkable after Nio (NIO) had […]

admin September 15, 2018

Henri Bendel is going out of business. Parent company L Brands announced Thursday it’s closing Bendel’s website and all of its 23 stores, including the store’s iconic Fifth Avenue location in New York, in January 2019 because of sluggish sales. L Brands (LB) said in a statement that it’s closing Bendel “to improve company profitability […]

admin September 15, 2018

Legendary investment bank Lehman Brothers was on fire — and no one was coming to put it out. Bank of America refused to rescue the 158-year-old Wall Street firm without support from Uncle Sam. The British government wouldn’t let Barclays (BCS) buy Lehman Brothers and its toxic balance sheet. And Washington decided against another politically […]

admin September 15, 2018

Coal has been knocked down. But it’s not out by a long shot. Even though coal has been in steep decline, it’s still the most-used electricity generation source in 18 US states, according to government statistics published this week. Not even natural gas, a rapidly growing and cleaner burning fuel, leads in that many states. […]

admin September 14, 2018

What’s to blame for the problems at Sears? Amazon? Bad management? CEO and primary shareholder Eddie Lampert has another idea: It’s the company’s own retirees. Sears turned in another bleak quarterly earnings report on Thursday, and Lampert complained about the billions of dollars that Sears owes its former employees through pension plans. Lampert said Sears […]

admin September 14, 2018

Nike is getting just the response it wanted from its Colin Kaepernick ads. Early indications suggest sales are up because of the new “Just Do It” campaign, according to Wedbush analyst Christopher Svezia. The ads, which debuted last week, feature the quarterback among other athletes. Kaepernick started a movement among NFL players by kneeling during […]

admin September 14, 2018

Click chart for more in-depth data/ 1. The rise of Nio: Electric car company Nio (NIO) appears to be headed for another banner day on Friday. The Shanghai-based rival to Tesla (TSLA) jumped a staggering 76% in New York on Thursday. At one point in the day, the stock was up 92%. Futures pointed to […]

admin September 14, 2018

How can I get the benefit of real estate investments without becoming a landlord? Real estate remains a strong investment, even with prices slowing. But owning property can be a hassle. A huge amount of capital gets tied up in a handful of properties. And you have to deal with the logistics of holding and […]